G-GRAPHICS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
G-GRAPHICS
Largest movements
- Receivables within one year -€28,342
down €28,342 (-16.5%), from €172,142 to €143,799
of which Other amounts receivable: -€37,416
- Receivables after one year +€25,000
up €25,000 (+9.7%), from €256,900 to €281,900
- Cash -€4,741
down €4,741 (-97.4%), from €4,866 to €125
mainly Tax, wage and social debts (-€37,948) and Receivables after one year (-€25,000)
- Tax, wage and social debts -€37,948
down €37,948 (-26.7%), from €142,001 to €104,053
of which Taxes: -€33,285
- Current portion of long-term debt +€17,216
up €17,216 (+38.1%), from €45,145 to €62,361
- Reserves +€13,321
up €13,321 (+23.7%), from €56,097 to €69,418
of which Distributable reserves: +€13,321
- Short-term financial debts +€8,295
new in 2025: €8,295
- Trade debts -€6,700
down €6,700 (-4.0%), from €167,111 to €160,411
- Gross operating margin -€12,731
down €12,731 (-6.4%), from €197,625 to €184,894
- Staff costs -€3,909
down €3,909 (-3.0%), from €129,131 to €125,222
- Financial charges -€3,200
down €3,200 (-8.0%), from €39,816 to €36,616
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,026 | €452,585 | -€7,441 | -1.6% |
| Fixed assets | 21/28 | €7,496 | €8,138 | +€642 | +8.6% |
| Tangible fixed assets | 22/27 | €4,611 | €5,253 | +€642 | +13.9% |
| Plant, machinery and equipment | 23 | €776 | €5,069 | +€4,293 | +553.0% |
| Furniture and vehicles | 24 | €3,835 | €184 | -€3,651 | -95.2% |
| Financial fixed assets | 28 | €2,885 | €2,885 | = | 0.0% |
| Current assets | 29/58 | €452,530 | €444,447 | -€8,083 | -1.8% |
| Amounts receivable after more than one year | 29 | €256,900 | €281,900 | +€25,000 | +9.7% |
| Other amounts receivable | 291 | €256,900 | €281,900 | +€25,000 | +9.7% |
| Stocks and contracts in progress | 3 | €18,622 | €18,622 | = | 0.0% |
| Stocks | 30/36 | €18,622 | €18,622 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €172,142 | €143,799 | -€28,342 | -16.5% |
| Trade receivables | 40 | €60,555 | €69,628 | +€9,073 | +15.0% |
| Other amounts receivable | 41 | €111,587 | €74,171 | -€37,416 | -33.5% |
| Current investments | 50/53 | €0 | €1 | +€0 | +500.0% |
| Cash at bank and in hand | 54/58 | €4,866 | €125 | -€4,741 | -97.4% |
| Total equity and liabilities | 10/49 | €460,026 | €452,585 | -€7,441 | -1.6% |
| Equity | 10/15 | €74,697 | €88,018 | +€13,321 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,097 | €69,418 | +€13,321 | +23.7% |
| Non-distributable reserves | 130/1 | €2,238 | €2,238 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,238 | €2,238 | = | 0.0% |
| Distributable reserves | 133 | €53,859 | €67,180 | +€13,321 | +24.7% |
| Amounts payable | 17/49 | €385,330 | €364,567 | -€20,763 | -5.4% |
| Amounts payable after more than one year | 17 | - | €3,729 | +€3,729 | |
| Financial debts | 170/4 | - | €3,729 | +€3,729 | |
| Amounts payable within one year | 42/48 | €379,860 | €360,838 | -€19,022 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €45,145 | €62,361 | +€17,216 | +38.1% |
| Financial debts | 43 | - | €8,295 | +€8,295 | |
| Credit institutions | 430/8 | - | €8,295 | +€8,295 | |
| Trade debts | 44 | €167,111 | €160,411 | -€6,700 | -4.0% |
| Suppliers | 440/4 | €167,111 | €160,411 | -€6,700 | -4.0% |
| Taxes, remuneration and social security | 45 | €142,001 | €104,053 | -€37,948 | -26.7% |
| Taxes | 450/3 | €84,189 | €50,905 | -€33,285 | -39.5% |
| Remuneration and social security | 454/9 | €57,811 | €53,148 | -€4,663 | -8.1% |
| Other amounts payable | 47/48 | €25,604 | €25,719 | +€115 | +0.5% |
| Accrued charges and deferred income | 492/3 | €5,469 | - | -€5,469 | |
| Remuneration, social security and pensions | 62 | €129,131 | €125,222 | -€3,909 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,872 | €5,797 | +€1,925 | +49.7% |
| Other operating charges | 640/8 | €1,728 | €501 | -€1,228 | -71.0% |
| Gross operating margin | 9900 | €197,625 | €184,894 | -€12,731 | -6.4% |
| Operating profit (loss) | 9901 | €62,893 | €53,374 | -€9,519 | -15.1% |
| Financial income | 75/76B | €8,188 | €8,182 | -€7 | -0.1% |
| Recurring financial income | 75 | €8,188 | €8,182 | -€7 | -0.1% |
| Financial charges | 65/66B | €39,816 | €36,616 | -€3,200 | -8.0% |
| Recurring financial charges | 65 | €39,816 | €36,616 | -€3,200 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €31,266 | €24,940 | -€6,326 | -20.2% |
| Income taxes | 67/77 | €12,914 | €11,618 | -€1,296 | -10.0% |
| Profit (loss) for the period | 9904 | €18,351 | €13,321 | -€5,030 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,351 | €13,321 | -€5,030 | -27.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.